# 119-s-1388: PROTECT Act of 2025

119-s-1388, PROTECT Act of 2025, is a 119th Congress bill sponsored by Sen. Moreno, Bernie [R-OH] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-06-12).

- Canonical: https://policyrisk.com/legislation/119-s-1388
- As of: 2026-06-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1388
- Congress: 119
- Title: PROTECT Act of 2025
- Status: introduced
- Introduced: 2025-04-09
- Sponsor: Sen. Moreno, Bernie [R-OH] (R-OH)
- Cosponsors: 2
- Policy area: Foreign Trade and International Finance
- Touches household money: yes
- Last recorded action: 2026-06-12

## Summary

**Expand CFIUS review to certain greenfield and brownfield investments by foreign governments of concern.** This bill would add investments tied to U.S. real estate and the creation of factories or facilities to the Defense Production Act’s definition of covered transactions and would require parties to file declarations for those deals. - U.S. property owners and businesses: Purchases of private or public U.S. real estate that include establishing a business to operate a factory or other facility would become subject to CFIUS review. These transactions would need a declaration when they could lead to foreign government control. - Foreign investors and foreign governments of concern: The bill would treat ownership or control by a foreign government of concern as covered when that government directly or indirectly holds at least a 5 percent interest, can appoint or approve board members or officers, or acts through arrangements to act in concert. - Oversight and national security review: CFIUS would get mandatory filing and review authority for these investments. The rule covers interests held in the preceding three years and lists specific examples of control to guide scrutiny.

## Cosponsors (2)

- Sen. Slotkin, Elissa [D-MI] (D-MI), 2025-04-09T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2025-04-09T00:00:00.000Z

## Provisions PRIA read

- New CFIUS rules for foreign land deals: mixed, medium. This bill would let CFIUS review some greenfield and brownfield real-estate investments. It would apply when a foreign person buys, leases, or gets a concession of U.S. land and sets up a U.S. business to run a factory or facility there. Control for review could be found if a foreign government of…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-4429: Connected Vehicle Security Act of 2026
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025

## Sources
- [119-s-1388 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1388)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-4429: Connected Vehicle Security Act of 2026](https://policyrisk.com/legislation/119-s-4429)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1388 (as of 2026-06-12).